Time is money, but TIMEC is like money in the bank for the oil and gas industry. The company provides maintenance, turnaround, and construction services to oil and gas, industrial, and utility customers in the US. The company, which has 11 offices in the US, specializes in catalyst handling, outsourced training, safety support, small capital construction, specialized welding, supplemental maintenance, and turnkey turnaround services. TIMEC works at some 39 of the country's 150 refineries with clients such as Chevron, Shell, and Marathon Petroleum. J.G. Red" Meacham and R. Briggs Wood founded the company in 1971. Transfield Services bought TIMEC in 2007 for $100 million.